Happiest Minds Technologies Limited (BSE:543227) agreed to acquire PGS Inc. from Moonscape Inc., USA for $13.3 million on January 27, 2021. PGS had a revenue of approximately $10.6 million in 2020. The acquisition is subject to customary closing conditions. The transaction is expected to close in the Quarter of March 31, 2021. Rajiv Khaitan of Khaitan & Co. acted as legal advisor to Happiest Minds Technologies. Habbu & Park California advised Happiest Minds on the US aspects of the deal, while Shariff Law Firm Texas represented Shashin Shah. Happiest Minds Technologies Limited (BSE:543227) completed the acquisition of PGS Inc. from Moonscape Inc., USA on January 31, 2021. As of May 12, 2021, the total consideration is equal to $13.3 million comprised of cash consideration of $8.25 million and fair-valued contingent consideration in the form of warrants of $5.06 million over the next three years, to be settled by PGS Inc. to Moonscape Inc. with the backing by company, of the warrant liability settlement, subject to achievement of set targets for respective years. The company infused INR 61cr ($8,295,920) of foreign currency term loan to fund the acquisition in February 2021. The company has on boarded 94 plus PGS resources and 60 clients.